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Ref: TF002
Property marketed by Competa Properties S.L.
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Great renovation investment project, this little house is just 2 Kms from the beach in Torrox, next to the road, a country house of 26 sq m with a relatively flat plot of land ( 1,500 sq m approx.) with medlar fruit trees.
The house which is in urgent need of renovation has 3 rooms, including a lounge with a fireplace, a bedroom & a storeroom. There is plenty of scope to make it more liveable.
It has mains water, plus it also has a water cooperative supply (1 share). The electricity is not connected but the connection point is on the border of the land.
Within walking distance of shops, bars, schools, children’s park, bus stop.
Perfect for an urbanite who wants to grow his/her own fruit & veg.
The house which is in urgent need of renovation has 3 rooms, including a lounge with a fireplace, a bedroom & a storeroom. There is plenty of scope to make it more liveable.
It has mains water, plus it also has a water cooperative supply (1 share). The electricity is not connected but the connection point is on the border of the land.
Within walking distance of shops, bars, schools, children’s park, bus stop.
Perfect for an urbanite who wants to grow his/her own fruit & veg.
Property Features
- 1 bedroom
- 0 bathrooms
- 26m² Build size
- 1,500m² Plot size
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,900€
Final Payment of 90% on completion
125,100€
Property Purchase Expenses
Property price
139,000€
Transfer tax 10%
13,900€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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